The net income reported on the income statement for the

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The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a building amounted to $62,500 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. If needed, use the minus sign to indicate cash outflows.

Reference no: EM13601350

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